Loans

Please note: The Financial Aid Office wants students to consider seriously borrowing what they absolutely need. Excessive borrowing can burden a student’s credit report and make it difficult to secure additional credit after college.

Federal Direct Subsidized LoansAvailable to eligible student borrowers. You must enroll at minimal six credits. These are need- based and you must complete a FAFSA to determine your eligibility. Interest and principal are subsidized by the government until the student ceases to be enrolled at least half-time. Repayment begins sixmonths after the student graduates, withdraws or stops attending school at least half-time.

Federal Direct Unsubsidized Loans Available to eligible student borrowers. You must enroll at minimal six credits. These loans are not -need based; however, you must still complete a FAFSA. Interest accrues during in-school period. Interest and principal may be deferred until the student ceases to be enrolled. Interest is NOT paid by the government. The borrower is responsible for all interest payments. Repayment begins six months after the student graduates, withdraws or stops attending school at least half-time.

Direct PLUS Loans

Direct PLUS Loans are for the parents of dependent students. Interest is charged during all periods. You can borrow up to Cost of Attendance minus any financial aid. To be eligible for a PLUS loan, a parent borrower must be applying for the loan to pay the postsecondary educational costs for an eligible dependent undergraduate student who is enrolled or accepted for enrollment at least half time at a participating school. Each PLUS loan borrower must certify, as part of the PLUS Application and Master Promissory Note (PLUS MPN) filed with the school or lender, a statement of educational purpose.Parent borrowers also must be determined creditworthy to be eligible for a PLUS loan.

*If a PLUS loan is denied based on the Parent’s credit history, the student is eligible to receive an additional Unsubsidized loan.

Directions:

Click Sign In (Parents must sign in using their own Social Security Number and Federal PIN to complete PLUS Master Promissory Notes (MPNs). Your PLUS application will not be processed until this is fully completed.